Robert Shiller visits Google’s Mountain View, CA headquarters to discuss his book “The Subprime Solution: How Today’s Global Financial Crisis Happened, and What to Do About It.” This event took place on October 30, 2008, as part of the Authors@Google series.
The subprime mortgage crisis has already wreaked havoc on the lives of millions of people and now it threatens to derail the U.S. economy and economies around the world. In The Subprime Solution, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response–a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.
Robert J. Shiller is the best-selling author of “Irrational Exuberance” and “The New Financial Order” (both Princeton), among other books. He is the Arthur M. Okun Professor of Economics at Yale University.